The price of aviation turbine fuel (ATF) or jet fuel was reduced by 12 per cent on Monday, August 1, 2022. This is the second time in a forthnight that jet fuel prices have been cut amid softening of global crude oil rates.
According to Indian Oil Corporation’s (IOC) data, the price of the ATF in the national capital was Rs 1,21,915.57 per kilolitre, down Rs 16,232.36 or 11.75 per cent from Rs 1,38,147.93 per kl.
Among other metros, ATF now costs Rs 1,28,425.21 per kl in Kolkata, Rs 1,20,875.86 in Mumbai and Rs 1,26,516.29 in Chennai.
The jet fuel prices are revised on the 1st and 16th of every month, based on rates of benchmark international oil rates in the previous fortnight.
